RBI's next monetary policy panel meet from Oct 7-9

After the appointment of the three members on the Monetary Policy Committee, RBI has announced that the next meeting of the rate-setting panel will be held from October 7-9 for three days. Ashima Goyal, Jayanth R Varma and Shashanka Bhide have been appointed as the new members of the MPC.

Mumbai:With the government appointing three members on the Monetary Policy Committee (MPC), the Reserve Bank on Tuesday said that the next meeting of the rate-setting panel will be held for three days beginning October 7.

On September 28, the RBI had postponed the meeting of the MPC, which must have a quorum of four, as the appointment of independent members was delayed.

Read:|Will take necessary measures to promote growth: RBI Governor

"...the next meeting of the Monetary Policy Committee (MPC) is scheduled from October 7 to October 9, 2020," it said in a statement.

The government has appointed three eminent economists Ashima Goyal, Jayanth R Varma and Shashanka Bhide as members of the MPC.

The new members replace Chetan Ghate, Pami Dua, and Ravindra Dholakia. They were appointed on the panel for four years on September 29, 2016.

PTI report

Read:|RBI postpones MPC meeting as posts lie vacant